Terry Jimenez has stepped down as president of Newsday Media Group, Cablevision local media president Tad Smith told staff Tuesday. He has been replaced by Fred Groser, who has been publisher of Newsday and commuter freebie amNewYork for the past two years. Mr. Groser succeeded Mr. Jimenez in that post as well. Mr. Jimenez was Read More
It was just another Tweet, one of hundreds of thousands fired off every minute, and it attracted little attention. Yet, it was notable not just for its author—Fred Wilson, the New York City-based venture capitalist responsible for funding some of the most high-profile tech startups in America—but for what it portended. Mr. Wilson had attached a photo of his television showing a professional basketball match. “Thanks everyone for your help on streaming the Knicks game,” he wrote, adding the kicker: “#screwcable.”
Mr. Wilson was one of about 2.8 million people who found themselves unable to watch the Knicks game on their usual platform, Time Warner Cable. With his legions of techie followers, he’d found a work-around. He was one of the lucky ones. Read More
IMPRESSIVE DISPLAYS OF CHUTZPAH
IT'S ENOUGH TO GET ONE'S KNICKERBOCKERS IN A TWIST. The MSG Network and Time Warner Cable—handily the largest cable provider in the five boroughs—are currently embroiled in heated negotiations. They're fighting over what the cable provider is willing to pay per customer for the MSG Network, which carries the New York Knicks' and New York Rangers' games. If both sides fail to come to an agreement, New Yorkers with Time Warner Cable won't get their Knicks and Rangers fix.
So the MSG Network has started a campaign, with wonderful posters like this: Read More
Cablevision Systems reported a three-fold increase in net income for the first quarter, thanks to a slew of new subscriptions and robust cable ad revenues.
Revenue rose 5 percent, to $1.75 billion, slightly higher than the average estimate of $1.73 billion. A highlight was a 35 percent increase in cable advertising revenue. Revenue in Read More
Cablevision's Rainbow Media has purchased Gothamist for $5-6 million, reports paidContent.
So, what next for the blog network?
With Rainbow Media behind it, Gothamist might will likely have more reasons to scale back its expansion plans and focus more on cementing its dominance in the New York area, while supporting Newsday.
"Cementing its dominance" seems a Read More
His reputation for money troubles notwithstanding, Joe Moinian has managed to hold on to a marquee tenant.
The Dolan family’s Cablevision has renewed for seven years the entire sixth and 17th floors, totaling nearly 45,000 square feet, at Mr. Moinian’s 26-story 530 Fifth Avenue.
The Bethpage, Long Island–based Cablevision, which owns the Knicks and Newsday, uses the Read More
The execs at the Tennis Channel need a little lesson on how the Dolans work. We're here to help you!
First, a little background. The Tennis Channel is a relatively new, 24-hour tennis network, much in the same style as the NFL Network. They're out here at the U.S. Open and broadcasting matches on the back Read More
Tucked away at the bottom of Cablevision’s earnings report Thursday was a curious note: “The Board of Directors of Cablevision has authorized the company’s management to explore the spin-off of its Madison Square Garden business.”
That admission, with no additional explanation or elaboration given, touched off a flurry of speculation: Will the Dolan family, which Read More
Newsday, you're free of Sam Zell!
The $650 million transaction that has brought the Long Island daily into the hands of Charles and Jim Dolan closed today.
It should be cause for grand celebration. But then again, only days after the deal was announced, a Newsday reporter told The Observer, "People are so Read More
The Dolans win the bidding for the Long Island daily for $650 million. The deal is structured the way Sam Zell needed it to be--the Dolans pick up 97 percent of the company, while the Tribune company retains 3 percent. Here's the release:
CABLEVISION TO ACQUIRE 97% STAKE IN NEWSDAY MEDIA GROUP THROUGH PARTNERSHIP WITH Read More
Later this morning, Newsday should belong to the Dolans.
Their $650 million bid will likely be accepted by Tribune owner Sam Zell later this morning, and the only thing that stands in the way are "minor details," said Charles Dolan in an interview last night with Newsday. The Times reports that Charles and James Dolan Read More
The Dolans bought the Sundance Channel today for $496 million. And what of Newsday? They still have the leading bid.
Isiah Thomas, who coached the Knicks to one of their worst seasons in franchise history this year, has been fired, the AP reports.
Ante up!
Now suddenly everyone is interested in Newsday. The New York Times is reporting that a Manhattan media blockbuster trio is "in discussions" to buy the Melville-based newspaper: Rupert Murdoch, James Dolan and Mort Zuckerman. Sam Zell decides who's the winner.
It sets up a satisfying auction between Mr. Murdoch (Post-owner) and Mr. Zuckerman (Daily Read More
The attempt by Charles and James Dolan to take Cablevision private failed today. The media and sports giant revealed that shareholders had voted against the Dolans' bid to acquire the company for $36.25 per share in cash.
The Times' Dealbook blog reports:
The investor vote leaves Cablevision as an independent company and spells an Read More
